Welcome to Counterparty, a decentralized exchange. It's currently in alpha stage, but being improved everyday.
Btcquick can issue an asset, and then send out shares to each one according to the list kept by Ascension. Later, trade and dividend deliver can all be done easily with Counterparty client.
https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761
Btcquick can issue an asset, and then send out shares to each one according to the list kept by Ascension. Later, trade and dividend deliver can all be done easily with Counterparty client.
https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761
That would be nice. But the completely unnecessary limited supply coin in it bugs me. If it works using the Bitcoin Blockchain (spam due to unlimited "coins" is handled thanks to BTC TX Fees), there is absolutely no necessity to make it based on a deflationary currency.
Nice Idea, but at its core again a early adopter get rich scheme. Disappointing.
But OT, discussing this here, I'm just against using this.
To be clear, there's no XCP needed to issue an asset on Counterparty. Issurance is free.
Asset can be priced in either XCP or BTC, and if you don't like XCP, you can just price it in BTC.
The only part needs XCP is delivering dividend.
1) The issuers could buy some XCP to deliver dividend according to current market price. The investors could choose to hold XCP or just sell it immediately.
2) The issuer could even run a bot to automatically accept XCP from his investors and send back BTC.
3) Another choice is that issuer just use counterparty to get a recent holder list and use his own script to send out dividend in BTC.
Therefore, you can see that your investors don't need to have any XCP to use Counterparty. Even the issuer has a way to completely avoid using XCP.
Using XCP in Counterparty is an option rather a requirement. You only use it if you found it more convenient.
